How did "trickle-down economics" differ from economic strategies used in previous administrations? (2 points)
It wanted to improve life for the working-class and businesspeople.
It involved cutting taxes for those at the top of the economic ladder.
It focused on balancing the budget by increasing revenue.
It used deregulation of industry to spur economic growth.
1. Trickle-down economics focused on cutting taxes for those at the top of the economic ladder, in the belief that the benefits of this would eventually "trickle down" to the rest of society. This was different from previous administrations which may have focused on more direct interventions and policies to improve the lives of working-class individuals and businesspeople.
2. Trickle-down economics also involved deregulation of industry to spur economic growth, a strategy that differed from previous administrations that may have focused on more government intervention and regulation in the economy.